Given Imaging Ltd.
provides products for the gastrointestinal community. The Company's principal product, which incorporates its core technology, is the Given System, a wireless imaging system for a visual examination of the gastrointestinal tract. The Given System uses a miniaturized video camera contained in a disposable capsule, which the Company refers to as the M2A capsule. The Given System was cleared by the Food and Drug Administration (FDA) in 2001 as an adjunctive tool for the detection of abnormalities of the small intestine. During the year ended December 31, 2003, the FDA removed the adjunctive labeling, with the result that the Given System can be marketed in the United States as a standalone or first-line tool for the detection of abnormalities of the small intestine.
Given Imaging Ltd
13 Ha' Yetzira Street
Phone: (770) 662-0870
Web Site: http://www.givenimaging.com/
For the fiscal year ended 12/04, revenues rose 60% to $65 million. Net income totaled $2.9 million, vs. a loss of $9.6 million. Results reflect increased worldwide sales of the Given Diagnostic System and the Given Capsule Endoscope and improved gross profit margins during the period.
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